Technical Analysis on FXone - page 43
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Major Currency Pairs, Deltastock
2011-08-31
EUR/USD
As we are approaching the beginning of September, heavier volumes are executed on the market an the pair will try to escape from last month's broad range below 1.4580. Trend dynamics is expected to emerge this week, and the focus will be set at 1.4690 and 1.4940 resistance areas... read Major Currency Pairs
FXone
Forex and Related Markets Commentary, HY Markets
2011-08-31
FOREIGN EXCHANGE
EUR/USD closed lower on Tuesday as it extends this summer's trading range. The mid-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible near-term.
USD/JPY closed lower on Tuesday and the low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are bullish signalling that sideways to lower prices are possible near-term. If it renews last week's rally, the 25% retracement level of the April-August decline crossing is the next upside target... read Forex and Related Markets Commentary
FXone
Pre US Open Analysis, FxPro
2011-08-31
EUR/USD INTRADAY: KEY RESISTANCE AT 1.4475.
Pivot: 1.4475
Most Likely Scenario: Short positions below 1.4475 with targets @ 1.438 & 1.435 in extension.
Alternative scenario: Above 1.4475 look for further upside with 1.4525 & 1.455 as targets.
Comment: The pair has struck against its resistance and remains under pressure, the RSI is capped by a declining trend line... read Pre US Open Analysis
FXone
Intraday Snapshot, FxPro
2011-08-31 14:15:39 CET
EUR/USD
The broader EUR uptrend remains intact while support at 1.4327 holds. Keeping Tuesday's low at 1.4385 intact would maintain the underlying EUR bull tone, and a break above 1.4466 would suggest a return to Tuesday's marginal high at 1.4550 is on the cards. Only a setback below 1.4327 would concern EUR bulls, exposing 1.4290 and 1.4258.
GBP/USD
A recovery is underway towards the 1.6380 area, as GBP bulls look to protect last week's 1.6210 reaction low. Keeping Tuesday's low at 1.6256 intact would enhance the rally's prospects, and a break above 1.6380 would open 1.6416 and the Aug. 29 high at 1.6453. Only a reversal below 1.6210 would put GBP bears in control, exposing 1.6114... read Intraday Snapshot
FXone
Pre EU Open Analysis, FxPro
2011-09-01
EUR/USD INTRADAY: UNDER PRESSURE.
Pivot: 1.4420.
Most Likely Scenario: SHORT positions @ 1.441 with 1.435 & 1.4325 in sight.
Alternative scenario: The upside breakout of 1.442 will open the way to 1.4475 & 1.4525.
Comment: The pair remains under pressure and is challenging its support.
Trend: ST Ltd Upside; MT Range... read Pre EU Open Analysis
FXone
Morning Forex Overview, Dukascopy Bank
2011-09-01
FOREX MARKET OVERVIEW
EUR
German Chancellor Angela Merkel's Cabinet passed a bill to extend the country's participation in the European Financial Stability Facility from 123 billion euros to 211 billion euros on Wednesday. "We're in a now-familiar phase of ifs and buts from lawmakers but the bill will pass," said Peter Grottian, a politics professor at Berlin's Free University.
USD
Number of Americans, who have found a job in August decreased to 91 thousand, down from 109 thousand the previous month, the ADP Employer Services said on Wednesday. Economists expected the fig-ure to decrease to 102 thousand. "The labor market continues to struggle," said Sean Incremona, a senior economist at 4Cast Inc. "There is too much uncertainty that is restraining firms from committing resources to hiring."... read Morning Forex Overview
FXone